Some firms get the MLP structure just right. They feature a solid combination of assets that throw off a great amount of cash flows. Better still is that they are able to use those cash flows not only to reward investors but also to continue to add to their asset base in a constructive manner. The latest selection for our Best Energy Dividend Stocks List is one such MLP.
Our selection benefits from two major points. For starters, its limited partner is one of the biggest refiners on the planet. This has provided it with plenty of asset drop-downs as well as a base source of earnings. Secondly, it made the smart decision to move into natural gas processing, gathering and storage in a key region of the U.S. before anyone else.
The combination of these two factors has made our MLP a top cash flow machine for years.
And it uses those cash flows to do right by shareholders. Currently, our pick pays a nearly 9% yield. The best part is that our pick has managed to increase that yield for eight years straight, which is every year since its launch.
With rising energy demand and continued volume increases, our pick has a long runway for growth ahead. Investors are able to ride along with that high tax-advantaged yield.
You can check out the Best Energy Dividend Stocks List to explore all the stocks.
